NorthAmOil - North America Oil & Gas

Venture Global granted export licence for CP2

US LNG producer Venture Global has been granted a conditional export licence for its Calcasieu Pass 2 facility in Louisiana.

Greenpeace must pay $660mn over Dakota Access protests

After an unexpectedly short trial, a North Dakota jury has ordered Greenpeace to pay $660mn to Texas-based midstream firm Energy Transfer for the green group's involvement in the Dakota Access pipeline protests.

Venezuela faces Chevron’s imminent exit amid declining oil production

Chevron faces an abrupt departure from Venezuela after the US Treasury revoked its special licence, a move analysts say could significantly impact on the Latin American country's already fragile economy.

Venezuela’s Maduro escalates attacks on Exxon

Venezuela’s government continues to target Exxon Mobil, accusing the US energy giant of fuelling diplomatic tensions with Guyana over the disputed Essequibo region.

China has not imported LNG from US for 40 days

China has not imported LNG from the US for 40 days, marking the longest halt in nearly two years, amid escalating trade tensions between the two countries.

New natural gas reserves take Canada into world’s top 10

Fresh analysis of the Montney, Duvernay and Deep Basin formations in Alberta has revealed a significantly larger resource base than previously estimated

USGS estimates of undiscovered hydrocarbons in Wyoming, southern Montana

There is still an estimated 47mn barrels of oil and 876bn cubic feet of gas to be discovered in formations under Wyoming and parts of southern Montana as well as parts of western South Dakota and Nebraska, said the US Geological Survey (USGS).

Major oil discovery on Alaska’s North Slope

A partnership led by APA Corporation has made a significant oil discovery on Alaska’s North Slope, with the Sockeye-2 exploratory well confirming a high-quality reservoir.

Chevron buys 5% of Hess as Stabroek dispute with Exxon continues

Cheniere completes first train at Corpus Christi expansion project

The US’s largest LNG producer Cheniere Energy has achieved substantial completion of the first of seven liquefaction trains at the Corpus Christi LNG Stage 3 expansion project.

Ukraine seen turning to US LNG imports as damage to gas infrastructure mounts

Mounting damage to Ukraine’s natural gas production facilities is forcing Kiev to turn increasingly to gas imports from its European allies – as was recently illustrated by the agreement between Naftogaz and Poland’s Orlen.

Japan, Province of Alberta sign MoU at Houston’s CERAWeek energy conference

Alberta Premier Danielle Smith alongside the chairman and CEO of the Japan Organisation for Metals and Energy Security (JOGMEC), Ichiro Takahara, in mid-March agreed and have signed an MoU at the Houston-based CERAWeek energy conference.

Alaska LNG officials to meet Asian partners in late March

Officials from the Alaska LNG project are slated to arrive in Japan later this month to charm potential investors in the long-stalled project.

LNG and AI to drive US natural gas use to new records

Demand for US natural gas is expected to continue climbing to record highs amid increased use of LNG and AI.

Petrobras begins talks on long-term LNG deal with US suppliers

Brazil’s state-owned Petrobras is in the midst of discussions with US LNG suppliers on a long-term import agreement.

Venezuela's Citgo reports $146mn Q4 loss following declining refining margins

The company, in its latest financial report, attributed the decline in part to scheduled maintenance during the second quarter, which disrupted output at a time of already challenging market conditions

Venezuela opposition-Maduro negotiations in focus after Trump’s Chevron move

Maduro threatens action over Guyana’s oil in disputed Essequibo, but investment unabated

Venezuela’s Nicolás Maduro warned that his government would take decisive measures to address what he described as an "illegal action" by Guyana in a maritime area he claims remains "pending international delimitation".

Oil is key commodity in US-Canada trade war

The US States may reach a deal with Canada that prevents tariffs on oil, gas and other energy imports, Energy Secretary Chris Wright said on March 10.

Alberta changes oil royalty structure to boost exports, pipeline development

The Alberta government has introduced a major shift in how it collects royalties from oilsands producers, allowing the province to take bitumen royalties in-kind instead of cash.

Chevron seeks alternatives to Venezuelan oil, Maduro regime slams ExxonMobil for alleged meddling

Chevron is exploring options to replace Venezuelan crude at its refineries, looking to Mexico, Brazil, and the Middle East for alternative supplies and the Maduro regime slams ExxonMobil for alleged meddling

Turkey’s TPAO and US oil producer Continental Resources link up to develop Diyarbakir Basin shale fields

National oil company Turkish Petroleum Corporation (TPAO) has entered into a joint venture agreement with US oil producer Continental Resources to develop shale fields in the Turkey’s Diyarbakir Basin.

US will support Africa’s right to develop own energy resources, says energy secretary

The United States will support Africa’s right to develop its energy resources, according to Chris Wright, the US Secretary of Energy.

Rising construction costs push US LNG producers to renegotiate deals

A handful of US LNG producers are seeking to renegotiate higher prices with purchasers as they grapple with increasing construction costs.

US Supreme Court allows climate lawsuits against oil companies to proceed

The US Supreme Court has rejected a bid by 19 Republican-led states to block climate-change lawsuits against major oil companies, allowing cases seeking billions of dollars in damages to proceed in state courts.